Risk analysis could be subject to the impact of interest. The interest of the project owner is likely to be distinct from that of the project manager or a project team member. These different interests can be categorized as operational and strategic, and can lead to a different handling of operational and strategic risks. Krane et al [23] identify three major groups of stakeholders who will have different project objectives. They are:
1. The project team with a ‘project internal’ perspective, focusing on the project’s deliverables, costs, and schedule. This is typically seen in a very short time perspective.
2. The customer or user, focusing on the benefits of the project or the project’s direct effects. The time perspective will necessarily be somewhat longer than the project’s perspective. They are the ones who will live with the end-product once the project is finished.
3. The project owner with a longer-term strategic perspective on the project.